Women face unique challenges when planning financially. So not surprisingly, often the best advisors to help women plan are other women. No, this is nothing against male advisors who may be equally as competent. These are insights into some of the dynamics that might affect whether a woman could be more comfortable working with another woman.
Gender traits– To begin, “men are from Mars, women are from Venus,” right? It’s common knowledge that women operate differently than men. Many women tend to excel at listening empathetically, building relationships and practicing patience. This is not to say men cannot act in a similar manner, but it’s not as common with men in the client-advisor relationship. These traits that many women advisors possess aid in effective communication, which is imperative for a good planner-client relationship.